SEC's New Focus On Accounting Fraud: What's On Its Radar?

Law360, New York (July 29, 2013, 3:43 PM ET) -- There is no debate regarding the precipitous drop in accounting fraud cases brought by the U.S. Securities and Exchange Commission in recent years. Civil enforcement actions filed by the SEC involving accounting fraud and financial disclosure were 11 percent of civil enforcement actions for the SEC fiscal year that ended September 2012, a sharp reduction from the level experienced between the fiscal years of 2003 and 2005, when the rate exceeded 25 percent (see chart below). What is less clear is the reason for the decline....
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